IWS Documented News DAILY POSTINGS

IWS Documented News Service

_______________________________

Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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PERSONAL INCOME AND OUTLAYS, DECEMBER 2011 [30 January 2012]

http://www.bea.gov/newsreleases/national/pi/2012/pi1211.htm

or

http://www.bea.gov/newsreleases/national/pi/2012/pdf/pi1211.pdf

[full-text, 13 pages]

or

http://www.bea.gov/newsreleases/national/pi/2012/xls/pi1211.xls

[spreadsheet]

and

Highlights

http://www.bea.gov/newsreleases/national/pi/2012/pdf/pi1211_fax.pdf

 

 

Personal income increased $61.3 billion, or 0.5 percent, and disposable personal income (DPI)

increased $47.1 billion, or 0.4 percent, in December, according to the Bureau of Economic Analysis.

Personal consumption expenditures (PCE) decreased $2.0 billion, or less than 0.1 percent.  In November,

personal income increased $7.4 billion, or 0.1 percent, DPI decreased $4.1 billion, or less than 0.1

percent, and PCE increased $11.4 billion, or 0.1 percent, based on revised estimates.

 

Real disposable income increased 0.3 percent in December, in contrast to a decrease of less than

0.1 percent in November.  Real PCE decreased 0.1 percent, in contrast to an increase of 0.1 percent.

 

[TABLE]

 

Wages and salaries

 

Private wage and salary disbursements increased $29.1 billion in December, in contrast to a decrease

of $1.4 billion in November.  Goods-producing industries' payrolls increased $10.8 billion, in contrast

to a decrease of $6.5 billion; manufacturing payrolls increased $7.4 billion, in contrast to a decrease

of $6.2 billion.  Services-producing industries' payrolls increased $18.3 billion, compared with an increase

of $5.1 billion.  Government wage and salary disbursements increased $0.4 billion in December; government

wages and salaries were unchanged in November.

 

                                Other personal income

 

Supplements to wages and salaries increased $3.6 billion in December, compared with an increase of $1.6 billion in November.

 

Proprietors' income increased $1.1 billion in December, in contrast to a decrease of $1.2 billion in November.

Farm proprietors' income decreased $4.7 billion in December, the same decrease as in November.   Nonfarm

proprietors' income increased $5.8 billion in December, compared with an increase of $3.5 billion in November.

 

Rental income of persons increased $8.2 billion in December, compared with an increase of $8.6 billion in November.

Personal income receipts on assets (personal interest income plus personal dividend income) increased $9.3 billion,

in contrast to a decrease of $0.6 billion.

 

Personal current transfer receipts increased $13.2 billion in December, compared with an increase of $0.4 billion

in November.  Within personal current transfer receipts, government social benefits to persons were boosted in

December by retroactive social security benefit payments of $7.1 billion at an annual rate, resulting from a

recalculation of the earnings base underlying the benefits of recent retirees.

 

Contributions for government social insurance -- a subtraction in calculating personal income --  increased

$3.7 billion in December; contributions for government social insurance were unchanged in November.

 

AND MUCH MORE...including TABLES....

 

 

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